EQT CorpEQT
Market Cap: $14.3B
About: EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Employees: 881
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
49% more repeat investments, than reductions
Existing positions increased: 281 | Existing positions reduced: 189
27% more funds holding in top 10
Funds holding in top 10: 11 [Q1] → 14 (+3) [Q2]
24% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 78
7% more capital invested
Capital invested by funds: $15.7B [Q1] → $16.7B (+$1.05B) [Q2]
6.48% more ownership
Funds ownership: 96.07% [Q1] → 102.55% (+6.48%) [Q2]
3% more funds holding
Funds holding: 637 [Q1] → 656 (+19) [Q2]
19% less call options, than puts
Call options by funds: $267M | Put options by funds: $328M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Citigroup Scott Gruber 26% 1-year accuracy 8 / 31 met price target | 14%upside $37 | Neutral Reinstated | 23 Aug 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 1%downside $32 | Neutral Downgraded | 15 Aug 2024 |
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target | 30%upside $42 | Overweight Upgraded | 14 Aug 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 33%upside $43 | Overweight Maintained | 25 Jul 2024 |
Stephens & Co. Mike Scialla 24% 1-year accuracy 5 / 21 met price target | 42%upside $46 | Equal-Weight Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 4 articles about EQT published over the past 30 days